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Marjorie Suseth
Majorie is 24 years old and is the single mother of two young children. For her, things have been difficult, but not impossible, now that she has gotten ahead with her studies, primarily with the support of her parents. When she finished her studies, she began sending out resumes and began working in a bank.

She remains with the same company because it provides regular work which allows her to be able to pay her personal expenses, such as supporting her son. She lives with her mother, but she has her own room, which she wants to improve. There are wooden walls and she wants to install concrete ones, so she needs to buy stone, sand, cement, and iron in order to begin the work. This will allow her and her children to have privacy.
View original language description ↓
La joven Marjorie tiene la edad de 24 años, madre soltera de dos hijos menores para ella ha sido difícil pero no imposible ya que ha sobresalido adelante con sus estudios primeramente con ayuda y apoyo de sus padres. Al terminar la carrera técnica busco trabajo aplico mediante el envió de sus documentos. Ingreso a trabajar en servicios bancarios en un banco.
Para poder pagar sus gastos personales como los de su hijo. Hasta ahora sigue en la misma empresa ya que es su fuente de trabajo. Vive en casa de su mama, pero tiene un cuarto aparte en donde desea hacer mejoras ya que las divisiones son de madera y desea levantar las paredes de concreto, para esto comprara piedra, arena, cemento, hiero y comenzar la obra. Lo que le permitirá tener privacidad para sus hijos.

Additional Information

About AFODENIC

This loan is administered by AFODENIC, La Asociación para el Fomento al Desarrollo Nicaragua, a Kiva Field Partner based in Managua, Nicaragua. Founded in 1999, AFODENIC was created to promote the socio-economic and cultural development of sectors that are excluded from commercial banking. Integrating economic and human resources, AFODENIC offers affordable and adaptable financial services aimed at strengthening the family unit of their clients, who include students, producers, and micro- and small entrepreneurs from rural and urban areas. AFODENIC is a socially responsible institution engaged in society and making a positive impact on its professional partners and communities.

Supporting a borrower through AFODENIC contributes to the pursuit of innovation in mitigating poverty in Nicaragua. Visit AFODENIC’s partner page for more information.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Nicaragua

  • $3,636
    Average annual income
  • 117
    View loans »
    Nicaragua Loans Fundraising
  • $24,398,000
    Funds lent in using Kiva
  • 21.2
    Nicaragua Cordobas (NIO) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marjorie Suseth building supplies.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2010
Listed
May 21, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 19, 2011